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Thread: The Great Businessman

  1. #21
    HipKat's Avatar
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    Quote Originally Posted by StraightJ View Post
    As you should know, I am no lover of what Chump became after the campaigning was done. It may not even be his fault, he may have found out that one man can not change the machine(aka drain the swamp)...which is probably correct. He'd need others of his ilk in congress, but there were very few....you may recall many of those from his establishment party were "Never Trump"ers. So without knowing what really went down, and seeing that he seems to get most of his policy from his son in law and those of his ilk(cough cough), why even waste time thinking about it?

    It doesnt matter if you drew others back into your web of deceipt and arguments before. It doesnt mean it will always be that way. Seriously, who BRAGS that others ignored them for several months, but through their sheer persistent assholishness, they were finally able to break up the peace? Are you trying to apply to be a *** or something?!?!

    The trolls will lose.
    Where do you get bragging? I was simply stating what happened
    “There he goes. One of God's own prototypes.
    A high-powered mutant of some kind, never even considered for mass production.
    Too weird to live, and too rare to die.”


    Hipkat, on *** other h***, is genuine, unapoli***tically nasty, and w**** his hea** on his ******. - jc856

  2. #22
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    Quote Originally Posted by SackMan518 View Post
    Wow, breaking news! We knew that decades ago... in fact, there's even a book about it.

    Gee, I thought you had me on ignore
    “There he goes. One of God's own prototypes.
    A high-powered mutant of some kind, never even considered for mass production.
    Too weird to live, and too rare to die.”


    Hipkat, on *** other h***, is genuine, unapoli***tically nasty, and w**** his hea** on his ******. - jc856

  3. #23
    DeRokerij's Avatar
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    A billion dollar 'loss' is not lost money in this case. It is writing down assets in a legally permissible manner called "depreciation" and similar "non-cash" write downs.

    If I invest $10 in property (improvements to property, you can't depreciate land), plant or equipment, I get to "Depreciate" the investment (i.e. write it off against my future income) over some period of time (depreciation periods vary depending upon the type of asset being depreciated). Let's say I am "straight line" (means you deduct an equal amount each year ending with a $0 balance at the end of the period) depreciating my asset over 10 years. That means I can offset $1 of income with depreciation every year. That means that while originally I invested the money into revenue-generating assets, I get to recoup the value of that investment (over time) free of taxes.

    If I have an asset on my books valued at $10, but the market changed and it is only now worth $5, i have to "write it down" to market value. So, I decrease the asset (with a contra account) by $5 and I have to "charge" $5 against income. Now, I am not taking another $5 out of the cash register and lighting it on fire. I am merely readjusting my paper balances to reflect the new reality. So, by writing down my asset I am now able to protect $5 of income from taxation.

    Using DEPRECIATION to offset income isn't failure, it is WINNING!

  4. #24
    FanBack's Avatar
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    Brilliant post!!

  5. #25
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    Don't miss the Trump Rally, it just started a few minutes ago. #MAGA




    Quote Originally Posted by seandelevan View Post
    Fuck this team

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    I'll tie a frying pan to my ass so you hurt your penis, you ****ing homo!

    Quote Originally Posted by BertSquirtgum View Post
    Shut the fuck up dark cloud pussy

    Quote Originally Posted by Mainejays View Post
    Anyone who is foolish enough to not be a Buffalo Bills fan can go f*ck themselves with a wooden shovel handle.

  6. #26
    212frawk's Avatar
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    Quote Originally Posted by DC2007 View Post
    Typical idiot response. Not having a profit in Real Estate for tax purposes is the GOAL. You depreciate the building, by the law to claim against your earnings, It’s laughably easy to show a loss especially in mega projects. Not that you would be able to wrap your head around it all. His net worth went up, while losing money and the IRS can’t find anything wrong with it.. tell me this isn’t the Left whackos trying to find a nonexistent issue.
    hahahaha bro, I've forgotten more about real estate finance than you will ever know. It is simply impossible for him to generate those kinds of losses through depreciation alone. he's lost his ass on more deals than you can even count and managed to bankrupt a fucking casino, an enterprise even the indians have figured out how to manage without going BK.

    as for his "net worth", you're just another gullible dope that's buying the story he's selling because it's just a number he vomits up on a piece of paper. your pimp is a d00sh living on credit and russian laundry. if it wasnt for a reality show that sold you idiots the story he's a rich man that knows what he is doing, he would be back in NY doing russian laundry instead of fouling up the WH.

  7. Rock on:

    HipKat (05-09-19),Meathead (05-09-19)

  8. #27
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    Quote Originally Posted by 212frawk View Post
    hahahaha bro, I've forgotten more about real estate finance than you will ever know. It is simply impossible for him to generate those kinds of losses through depreciation alone. he's lost his ass on more deals than you can even count and managed to bankrupt a fucking casino, an enterprise even the indians have figured out how to manage without going BK.

    as for his "net worth", you're just another gullible dope that's buying the story he's selling because it's just a number he vomits up on a piece of paper. your pimp is a d00sh living on credit and russian laundry. if it wasnt for a reality show that sold you idiots the story he's a rich man that knows what he is doing, he would be back in NY doing russian laundry instead of fouling up the WH.
    I always knew reality TV was going to destroy America. No quite like this though.

  9. Rock on:

    bcw (05-09-19),HipKat (05-09-19),Meathead (05-09-19)

  10. #28
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    Quote Originally Posted by 212frawk View Post
    hahahaha bro, I've forgotten more about real estate finance than you will ever know. It is simply impossible for him to generate those kinds of losses through depreciation alone. he's lost his ass on more deals than you can even count and managed to bankrupt a fucking casino, an enterprise even the indians have figured out how to manage without going BK.

    as for his "net worth", you're just another gullible dope that's buying the story he's selling because it's just a number he vomits up on a piece of paper. your pimp is a d00sh living on credit and russian laundry. if it wasnt for a reality show that sold you idiots the story he's a rich man that knows what he is doing, he would be back in NY doing russian laundry instead of fouling up the WH.
    LOL. The Trump hate/obsession is never ending entertainment. Thank you haters!

  11. #29
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    Quote Originally Posted by thebowmanbody View Post
    LOL. The Trump hate/obsession is never ending entertainment. Thank you haters!
    where you been jethro? you're waaaaaay overdue for a DO YOU KNOW WHERE I WENT TO COLLEGE????? rant. those are always fun.

    now get back to that still, the moonshine aint gonna make itself! LOL love that one!

  12. Rock on:

    HipKat (05-09-19)

  13. #30
    Zan186's Avatar
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    Quote Originally Posted by DC2007 View Post
    Typical idiot response. Not having a profit in Real Estate for tax purposes is the GOAL. You depreciate the building, by the law to claim against your earnings, It’s laughably easy to show a loss especially in mega projects. Not that you would be able to wrap your head around it all. His net worth went up, while losing money and the IRS can’t find anything wrong with it.. tell me this isn’t the Left whackos trying to find a nonexistent issue.
    The real issue that Democrats do not understand is that how these billionaire's pay less tax percentages than working folk. I will try to explain it to you. First the Billionaire's already made the money. They have assets that when liquidated to cash is over a billion. However, they invest there dollar into stocks or real estate that allows a tax sheltering aspect. Say I invest 50 million dollars into K, which is Coke a Cola. K pays a dividend each quarter. The tax rate for the div is 15%. As long as it is reinvested not taken as cash. Not going to go into Ordinary vs non Ordinary Div, but there is a reason for this. This is where stupid people fall off the wagon. If you taxed these billionaire at full rate 40% they would not invest in stocks, they would take there money elsewhere. Other countries or they could just sit on it and live off what they already have till the end of time. To dumb in down, the government realizes that taxing 50 million dollar at 15% is much better than taxing 0 at 40%.

    Real Estate is a different vehicle. However it has some similar aspects. Write off's, depreciation all factor into the investment. Sometimes property values boom then bust, sometimes markets crash. The system is setup so that you can write off your loss. If there was no safety net for losses, people would be far less likely to invest. The fact that you can write off your losses against your wins is huge for investors.

    As for Trump loosing billions over a decade. So? I have had stocks go bankrupt too. It happens and when you are at the scale of investing of Buffet or Trump, the wins and losses are huge.

    Lastly, let me explain taxes: Tax money that we pay is our money, not the governments. It is a necessary evil to make the country go, but we do not all contribute the same. There will be years where President Trump paid no taxes and years where he paid more taxes than you will ever make in a life time. All depends on the business climate.

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